Legal Definition and Related Resources of Nominal

In name only, not real or substantial.

Existing in name only; formal, and not substantial.

In name only. Differences in compounding cause the nominal rate to differ from the effective interest rate. Inflation causes the purchasing power of money to differ from one time to another.

adjective

• cheap
• cutrate
• hardly worth mention
• honorary
• in name only
• inconsiderable
• inexpensive
• insignificant
• little
• low
• lowpriced
• meager
• meaningless
• minimum
• minute
• moderate
• modest
• negligible
• now: